Why is Chennai Ferrous falling/rising?

As of 21-Aug, Chennai Ferrous Industries Ltd is experiencing a decline in its stock price, currently at Rs 124.30, reflecting a decrease of -1.5 (-1.19%). The stock has underperformed its sector by -0.95% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of -1.74%. Despite opening with a gain of 3.34% and reaching an intraday high of Rs 130, the stock's performance has been hindered by a decrease in investor participation, as evidenced by a -5.82% drop in delivery volume compared to the five-day average. Over the past year, the stock has generated a return of -9.73%, while its profits have decreased by -10.8%. Although the company has shown strong management efficiency and healthy long-term growth in net sales, these positive factors are overshadowed by its consistent underperformance against benchmarks over the last three years.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a -0.72% return over the past week compared to a +1.74% gain in the Sensex. This trend of underperformance is further highlighted by the stock's year-to-date return of -5.48%, contrasting sharply with the Sensex's +4.94% gain. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be negative, driven by the stock's historical underperformance and declining investor interest.